On October 5, KASE Listing Commission accepted the plan on removal of basis for transfer of bonds of Akmola Kurlys Materialdary (Kazakhstan) the KASE official list "buffer category"
/KASE, October 5, 09/ - By the decision of Kazakhstan Stock Exchange (KASE)
Listing Commission of October 5, 2009 was accepted the plan on removal of
basis for transfer of bonds KZ2P0Y03C665 (AKKMb1; KZT1,000, KZT5.0 bn;
July 12, 07 - July 12, 10; the semi-annual coupon 9.00 % APR; 30/360) of
Akmola Kurlys Materialdary (Astana) to the KASE official list "buffer
In the KASE conclusion of September 21, 2009 it was noted that in July of 2009
on mentioned bonds Akmola Kurlys Materialdary defaulted payment on the
coupon interest for the fourth coupon period.
In compliance with item 13-5 of Board resolution of the Agency of the Republic of
Kazakhstan on Regulation and Supervision of Financial Market and Financial
Organizations "On Requirements for Issuers and their Securities, Admitted
(Admissible) to Circulation on the Stock Exchange, and certain Stock Exchange
list categories" of May 26, 2008 # 77, BURLINGAZSTROI provided to KASE on
September 16, 2009 the plan on removal of basis for transfer of securities to the
KASE official list "buffer category".
In compliance with item 13-7 of the mentioned resolution the issue on approval of
the mentioned Listing Commission decision will be considered at the Exchange
Council meeting on October 1, 2009.
If the Exchange Council approves the mentioned Listing Commission decision,
bonds KZ2P0Y03C665 of Akmola Kurlys Materialdary shall be transferred from
the Non-rated Debt Securities second subcategory to the KASE official list "buffer
category" that will be informed by KASE additionally.